To coincide with their 20th anniversary, Nottingham based self-invested pension provider, Talbot & Muir, has launched a new SIPP product.
Simple Retirement Account launches
The new Simple Retirement Account has been launched to reduce the complexity associated with some SIPP products and will be available for investors looking to have their investments managed by a Discretionary Fund Manager (DFM).
Each account will simply have one bank account and one DFM, which will keep annual costs down to just £250 per year, with no set up fee.
The Simple Retirement Account will initially launch with four DFMs:
- Brooks Macdonald Asset Management
- Brewin Dolphin
- Canaccord Genuity Wealth Management
- Close Brothers
Andrew Denham-Davis, Director of Intermediary Sales at Brooks Macdonald said: “Brooks Macdonald Asset Management is delighted to be a part of the Simple Retirement Account proposition. In the challenging post RDR environment, it is refreshing to see a product designed to ease a Financial Planners workload without compromising the service levels and being able to incorporate a considered shortlist of DFMs.”
Talbot & Muir has confirmed additional DFMs will be added in due course.
Nathan Bridgeman, Talbot & Muir Director of Sales & Marketing, said: “With the SIPP market facing challenges and continuing to contract, we felt it was a good time to take a fresh product to market and bring with it a fresh approach.”
Nathan continued: “Our 20 years in business has shown us that advisers are increasingly looking for products which ease workload and cut down the time and resource spent on things like administration, whilst not compromising potential returns for the end client. The SRA does just that.
“SIPPs remain a flexible and effective part of the pension market and we are delighted to be able to bring a new product to market to meet the needs of our adviser community and their clients.”
For more information on Talbot & Muir’s Simple Retirement Account please contact Oliver Bowler on 0115 841 5000.